Relationship of Sales Price To Original List Price vs. Days On Market
As we have noted in this space for years, initial pricing strategy is critical to the success of sellers.
Homes settling in June 2008 that received contracts their first week on the market sold, on average, for 99.3% of list. Those that took 4 months or longer to sell sold for 87.5% of original list!
The best thing for sellers to do is to price their home correctly from day one on the market.
